Barro Group acquires 43% stake in Adelaide Brighton

Barro Group acquired a 43% stake in Adelaide Brighton over a number of years. The ACCC closed its investigation, finding the acquisition will not substantially lessen competition.

“Barro’s stake in Adelaide Brighton will not substantially lessen competition.”accc.gov.au

• 2 sources
• accc.gov.auACCC closes investigation into completed Barro-Adelaide Brighton acquisition | ACCCAustralian Competition, Consumer CommissionJan 29, 2020
• accc.gov.auCompleted acquisition of a 43% interest in Adelaide Brighton Ltd by Barro Group Pty Limited and/or its related entities | ACCCAustralian Competition, Consumer CommissionJan 30, 2020

Summarized from public sources; check the original articles before acting on it.